Volatility holds interest rates stable

By scott miller

Stocks closed out a rough month on a high note with the S&P 500 and the Dow Jones Industrial Average (DJIA) both gaining 2.5 percent on Friday, partly because the Bank of Japan, in an effort to spur lending, said it was going to charge a negative interest rate of 0.1 percent on some of the cash reserves it holds for banks. On the same day, Brent crude, volatile all week, rose 2.5 percent, and United States gross domestic product (GDP) growth for the fourth quarter came in at 0.7 percent. This is hardly robust but nonetheless slightly above the …

Source:: Vail Daily Feed